Federal Reserve Issues Update about Independent Foreclosure Review Checks

The Federal Reserve issued this Press Release this morning: Release Date: April 17, 2013 For immediate release The paying agent for checks being sent to borrowers under the Independent Foreclosure Review has assured the Federal Reserve Board that early problems … Continue reading

New Federal Bill Introduced to Create Independent Monitor to Oversee Independent Foreclosure Review

On April 25, 2013, Representative Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, introduced HR 1706, “The Mortgage Settlement Monitoring Act of 2013” that would oversee the distribution of funds from the Independent … Continue reading

New Announcement About Uncashed Checks for Independent Foreclosure Review

Just the messenger folks, contact Rust Consulting for more information: Joint Press Release Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency For release at 1:00 p.m. EDT February 18, 2015 Agencies Announce Reissuance … Continue reading

New Presentation Explains Why Organizations and People Across the US Oppose the OneWest and CIT Group Merger

Did you have a mortgage from IndyMac Bank, OneWest Bank, or a reverse mortgage from Financial Freedom? Federal bank regulators are holding a public hearing about a proposed merger of CIT Group and OneWest Bank. If you’ve had negative experiences … Continue reading

Do Student Loans Contribute to Foreclosure Crisis? What We’ve Seen from Homeowners in San Jose and Sunnyvale, CA

USA Today reported yesterday (“Nobel winner: Cut student loan rates” ) on one of the proposals that has been put forth by Senator Elizabeth Warren (Bank on Students Loan Fairness Act)  to deal with what some have termed the next … Continue reading

Some Litton Loan and Saxon Mortgage Customers Will Receive a Second Independent Foreclosure Review Check

According to a press release from the Federal Reserve dated today, there was a “clerical error” that led to some homeowners not receiving the correct amount of money they were supposed to under the settlement agreement that Goldman Sachs (former … Continue reading

Litton and Saxon Mortgage Servicing Customers will Start to Receive Checks from Foreclosure Review Settlement on May 3rd, 2013

A press release from the Federal Reserve today states that checks will start being mailed out on May 3rd, 2013 for homeowners who had their loans serviced by Litton Loan Servicing (owned by Goldman Sachs) or by Saxon Mortgage (owned … Continue reading

Second Wave of Independent Foreclosure Review Checks Mailed Out on April 19, 2013

The Office of the Comptroller Currency announced today that a second wave of 1.4 million checks (totaling $1.2 billion) is being mailed out today to homeowners and former homeowners as compensation under the Independent Foreclosure Review.   A total of 2.8 … Continue reading

Thanh toán tiền mặt được gửi ra Tuần này (Independent Foreclosure Review Update)

(English version: Cash Payments for Independent Foreclosure Review Will Begin Being Mailed April 12, Senate Banking Committee Will Hold Hearing about the Independent Foreclosure Reviews) ForeclosureHelpSCC đã chặt chẽ theo dõi đánh giá Tịch thu nhà độc lập, vì vậy chúng tôi … Continue reading